Property profile

240 And Somerville, MA 02144

OFF-MARKET
Office Spaces
16,343 SF
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Property summary

AI-generated overview

This Class A office building, located at 240 Elm Street, 2nd and 3rd Floor, West Somerville, MA 02144, offers 16,343 square feet of flexible workspace in the heart of Davis Square. The property, renovated in 2019, features a variety of office configurations suitable for traditional, executive, co-working, and creative businesses. Units range from a minimum of 50 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,650 square feet are available. The building includes elevators and is conveniently located near the Red Line metro, providing easy access to Boston and surrounding areas. The vibrant Davis Square neighborhood offers a diverse range of dining, entertainment, and fitness options, including nearby restaurants, the Somerville Theatre, and Arlington Health and Fitness. This former Social Security headquarters provides a distinctive address within a thriving business community, attracting a diverse tenant base including physicians, engineers, publishers, and non-profit organizations. The building's central location and modern amenities make it an ideal choice for businesses seeking a dynamic and convenient workspace.

Property profile

Verified
Property type Office Spaces
Total area 16,343 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

240 And Somerville, MA 02144
Somerville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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